- President Ranil Wickremesinghe presides at ADB’s 55th AGM: says sky-rocketing food, fuel & fertilizer are consequences of supply chain shocks created by the Ukraine war: urges creditor and debtor nations to work collectively to promptly address this situation.
- Party leaders decide to debate the draft 22nd Amendment to the Constitution on 6th & 7th October.
- IMF Senior Mission Chief for Sri Lanka – Peter Breuer says a timeline on the IMF programme cannot be predicted: explains the process of debt relief discussions takes time: previously CB Governor Dr Nandalal Weerasinghe had claimed the IMF program is likely to be approved by the IMF Board by end December.
- Central Bank’s T-Bond Weighted Average Yields soar past 30%: places Government Budget and SMEs under very severe stress: 3 years – 30.9%: 5 years – 31.5%: 9 years – 30.1%: rates now more than double the rates in March 22: analysts say these rates will pose enormous risks to stability, sustainability and growth.
- Colombo Port City Commission finally issues operating rules: businesses to get licenses for annual fee of USD 2,000.
- SJB MP Eran Wickramaratne laments country is suffering from serious poverty, loss of employment, loss of income, malnourishment, etc: Wickramaratne was a strong advocate to raise taxes, restructure debt and submit to an IMF program which would invariably lead to very tough conditions.
- Vehicle Importers Association President, Indika Merenchige says vehicle prices are dropping rapidly due to the sharp drop in demand: attributes demand-drop to people not being able to afford.
- Police launch extensive investigations over involvement of some politicians who had encouraged certain ‘protester’ groups to overthrow the government by forcefully occupying Parliament and preventing a vote to elect a new President, upon resignation of President Gotabaya Rajapaksa in July.
- President of the Federation of Renewable Energy, Thusitha Peiris cautions Sri Lanka is in for a longer power blackout and a second electricity tariff revision within the next 4 months: urges authorities to settle the burning issues of the renewable energy generation sector.
- Study by Sri Lanka’s Health and Ageing Study Consortium reveals nearly 1 in 3 adult Sri Lankans have high blood pressure and require anti-hypertensive treatment.
